RCS - STV Group PLC - Progressive publishes new research

STVAnnouncement

07/02/2023 08:00

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RNS Number : 1407P  STV Group PLC  07 February 2023

 Towards streaming and content

 STV continues to be viewed as a mature broadcaster, yet it is transforming
 into a growing streaming and production business. We see continued
 double-digit growth prospects in these areas, together with a resilient
 broadcast business, and calculate five-year growth of 7% pa in revenue / 10%
 pa in operating profit for the group (FY23E-FY28E). Near-term economic
 pressures are factored into current EPS estimates, but should also drive
 eyeballs towards STV's free AVOD service. Current valuation (7.6x FY23E EPS /
 4.3% dividend yield) looks modest given the longer-term potential.

Click here for full analysis
(https://progressive-research.com/research/towards-streaming-and-content/)

 

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About Progressive:

 

Progressive helps you make informed investment decisions. FCA authorised and
regulated, and with a 15-strong team of highly experienced analysts, we
provide freely available institutional grade equity research and access to
company management teams across every sector of the market.

 

www.progressive-research.com (http://www.progressive-research.com)

 

 Broad coverage                    Analyst calibre

 across 12 sectors

 Business Services  Oil & Gas      15         with average    20
                                   analysts                   years
 Financials         Property                  experience of
 Healthcare         Retail
 Industrials        Technology     30+                        techMARK
 Investment Trusts  Telecoms                  industry based  Extel
 Mining             Utilities                 awards          StarMine

 

 

For further information please contact:

 

Keith Hodgskiss

+44 (0) 20 7781 5315

khodgskiss@progressive-research.com

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